THREADS FOR THERAPY (EIN 814278568) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Phone

4157376016

Tax Period

2024-01-01 to 2024-12-31

THREADS FOR THERAPY, founded in 2019, is a micro nonprofit in the Human Services sector that reported $51 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 2239% operating deficit.

Mission

Clothing brand partners with communities, companies and organizations providing therapy-related resources and funding to children with special needs.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $51

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,193

Other Expenses $1,193

TOTAL EXPENSES $1,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51	$29,783	-1.0%
Expenses	$1,193	$89,095	-1.0%
Net Income	$-1,142	$-59,312	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kiana Scott	Secretary	1	Officer Director	$0	$0	$0
Hayley Duerstock	Board member	1	Director	$0	$0	$0
Michelle Zimmerman	Board member	1	Director	$0	$0	$0
Jody Scott	Treasurer	1	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$51	$1,193	No data	$-1,142
2023	$29,783	$89,095	$19,091	$-59,312
2022	$18,310	$40,216	$79,552	$-21,906
2021	$62,446	$206,063	$96,521	$-143,617
2020	$202,201	$1,166	$236,701	$201,035

THREADS FOR THERAPY